Martin Luther King, Jr.
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Positive Trading Psychology - III: Framework
12 hours ago
Monday, January 19, 2009
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TRADEthemove.com
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> around 2,200 subscribers by feedburner
> over 200 via email by feedblitz
> 67 by carrier-pigeon
> and 2.4 million people visited the site yesterday alone (give or take 2.397 million)
contact me if you are interested in detailed stats.
2 comments:
Thanks for sharing the MLK pic. It is interesting that in our darkest hour, an indomitable light always emerges from the darkness.
Regarding trading: what are your basic exit rules? A lot is written on entries, but so few articles on exits. Hope you can shed some light on this overlook topic.
Thanks, Ralph
Ralph-
I don't think I overlook exits; if you read through the blog you will see my emphasis is on taking profits at key levels - particularly the FE or a set dollar amount after a big move.
Exits are far more important than entries, and I originally became interested in Fibonacci to solidify my exits.
Take a look at the trades posted prior to my hiatus...with few exceptions I document where I took my exit and why.
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